Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
982732 | Procedia Economics and Finance | 2014 | 5 Pages |
Abstract
Regional allocation of investment might lead to high rates of aggregate growth accompanied with unequal distribution of income across regions and vice versa. This issue can be tackled using the theory of optimal control. The necessary conditions for an optimal allocation policy are developed in this paper.
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